Overview
What is Cornerstone University?
Cornerstone University is a nonprofit institution located in Grand Rapids, Michigan, with a campus spanning 120 acres and an online presence. With over 1200 employees, including full- and part-time staff and faculty, the university provides academic instruction and support to nearly 2000 students. Its mission is to empower individuals to make a significant impact in the world by offering a Christ-centered learning environment that focuses on students' growth and development. The university comprises Cornerstone Theological Seminary, Asia Biblical Theological Seminary, and radio ministries, all dedicated to fostering spiritual and intellectual growth.
Official website here: www.cornerstone.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Cornerstone University has received a high score of 96%, indicating a strong level of accountability and financial health. This rating is based on a single beacon score that focuses entirely on accountability and finance, demonstrating the organization's commitment to transparency and responsible management of its resources.
The organization excels in various areas, including having a majority of independent board members, a well-structured audit and oversight committee, and robust policies regarding conflict of interest and whistleblower protection. With an impressive program expense ratio of 82.24%, Cornerstone University allocates a significant portion of its funds towards its programs, which reflects its dedication to its mission and beneficiaries.
While the rating highlights many strengths, the focus on accountability and financial metrics means that other aspects of the nonprofit's impact may not be fully captured. Nonetheless, the high rating signifies a trustworthy organization that appears to manage its finances effectively and prioritize its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone University legitimate?
Cornerstone University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,009,606
Professional Fundraising Fees: $17,994
Other Salaries and Wages: $16,418,199
For more financial information, click here
Official website here: www.cornerstone.edu
What is the mission statement of Cornerstone University?
Cornerstone University is dedicated to empowering students to succeed as influential figures in the world, with a focus on Christ. The institution, comprised of Cornerstone Theological Seminary, Asia Biblical Theological Seminary, and radio ministries, offers a student-centered learning environment where Jesus Christ takes center stage. Across its academic programs, Cornerstone University strives to foster the growth of its students, enabling them to make a positive impact on their communities and beyond. Through its academic offerings and support, the university nurtures the next generation of leaders, instilling in them the values and skills necessary to excel.
Official website here: www.cornerstone.edu
Who is the CEO of Cornerstone University?
Gerson Moreno-Riano is the Principal Officer of Cornerstone University.
Official website here: www.cornerstone.edu
What is the revenue of Cornerstone University?
Cornerstone University's revenue in 2023 was $53,411,196.
Official website here: www.cornerstone.edu
Who are the executives of Cornerstone University and what are their salaries?
The average compensation at Cornerstone University during 2023 was $14,112. There are 1235 employees and 170 volunteers at Cornerstone University.
Here are 28 key members and their salaries:
- Compensation: $332,681
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- Other: $25,213
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- Other: $8,207
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- Other: $15,536
- Compensation: $126,778
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- Other: $15,252
- Compensation: $114,725
- Related: $0
- Other: $16,754
- Compensation: $111,201
- Related: $0
- Other: $19,469
- Compensation: $110,166
- Related: $0
- Other: $4,175
- Compensation: $112,686
- Related: $0
- Other: $978
- Compensation: $103,468
- Related: $0
- Other: $2,802
- Compensation: $72,486
- Related: $0
- Other: $785
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Official website here: www.cornerstone.edu
Where can I find the form 990 for Cornerstone University?
Cornerstone University's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cornerstone.edu
Learn more at the official website: www.cornerstone.edu
Mission Statement of Cornerstone University
Cornerstone University, a renowned educational institution, is dedicated to empowering men and women to thrive as influential figures in the world for Christ. By establishing a student-centered learning community where Jesus Christ takes center stage, the university seeks to foster academic excellence and spiritual growth.
The university encompasses Cornerstone Theological Seminary, Asia Biblical Theological Seminary, and radio ministries. Together, these components aim to develop individuals into impactful leaders who can make a difference in their communities and beyond. The university's academic offerings, including instruction and support, form the nucleus of its educational expenses. With over 270 full- and part-time staff and faculty, Cornerstone University provides a nurturing environment for its nearly 2000 students, both on campus and online.
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Impact
October, 2024
Cornerstone University significantly impacts its community and beyond by nurturing individuals to become influential leaders grounded in Christian values. With a student-focused learning environment, the university prioritizes academic excellence and personal development, engaging nearly 2,000 students on its 120-acre campus and through online programs.
The institution supports its mission through comprehensive academic instruction and a dedicated faculty and staff of over 270 members who guide and mentor students in their personal and spiritual growth. Its commitment to empowering future leaders extends beyond traditional education, incorporating ministries like Cornerstone Theological Seminary and Asia Biblical Theological Seminary.
In Grand Rapids, Michigan, Cornerstone University fosters a vibrant community centered around the teachings of Jesus Christ, encouraging students to thrive academically while developing the skills needed to make a positive impact in the world. This holistic approach equips graduates to excel not just as professionals but as compassionate influencers in various spheres of society.
This information is meant to be a general summary of Cornerstone University. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $165,277
- Program Service Revenue: $46,579,760
- Gross Receipts: $55,397,515
Assets and Liabilities:
- Total Assets: $104,686,388
- Total Liabilities: $6,919,386
- Net Assets: $97,767,002
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition fee revenue
Revenue
$37,839,077
Organized activity revenue
Revenue
$480,386
Auxiliary revenue
Revenue
$7,694,345
Organization Details
Founding Year
1941
Principal Officer
Gerson Moreno-Riano
Main Address
1001 E Beltline NE, Grand Rapids, MI, 49525
Website
www.cornerstone.eduNTEE Category
Code: B430 - Education
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